New York Markets After Hours

Coming Up: UMich consumer sentiment for November

WASHINGTON (MarketWatch) -- The preliminary November reading of the University of Michigan-Thomson Reuters consumer-sentiment index is due at 9:55 a.m. Eastern. Economists polled by MarketWatch expect a decline to 81.5 from a final October reading of 82.6, with concerns about Hurricane Sandy and the fiscal cliff outweighing positive jobs and housing data and lower gas prices. The sentiment gauge, which covers how consumers view their personal finances as well as business and buying conditions, averaged about 87 in the year before the most recent recession. Economists watch sentiment data to get a feel for the direction of consumer spending.

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